On February 12, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 22, Lucas paid a dividend per share of $0.42. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. The journal entry to record the purchase would include a

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The journal entry to record the purchase of the Lucas Company stock would include a debit to Investments-Lucas Company Stock for the total cost of the purchase, including the brokerage fee. Therefore, the correct choice is C, which includes both the cost of the shares ($132,000) and the brokerage fee ($240), for a total debit of $132,240.